The Challenges OF Growth Essay Example | Topics and Well Written Essays - 250 words

The Challenges OF Growth - Essay ExampleFactually, success in growth results from simultaneously encircling the merchandise entities (competitors and customers) and the company in formulating strategies, a process that leads to the 3-circle analysis.Remarkably, the three principles are interrelated and prudent planner poop easily analyse the business environment features to construct a long-term strong growth strategy. Thinking in manner that favours the three entities constitutes competitive advantage (8). Research on customer values and thought to effectively micturates customer trust and long-term relationship with the firm. Self evaluation is necessary as it ensures that the value produced to the clients coincides the value they require (9). Secondly firms must survey externalities. Negative externalities are not totally harmful as some (non-value and negative value), create some level of future demand that the firm can use a growth opportunity. This increases the use of it s capability. Exploring unmet needs opens channels for growth. Notably, in addition to breathing market gap, negative values might also create extra need not satisfied by current products (10). As matter of fact, meeting the unmet needs requires an approach not yet explored by existing competitors hence can be used to gain competitive